Hurricane Season News

News Currents

Florida insurers in freeze until June Florida Gov. Charlie Crist convinced Cabinet members to approve a rule that will prevent property insurers from canceling Florida policies for much of the rest of this year. The emergency rule will freeze insurance …

Don’t be fooled: Extreme weather, terrorism risks not going away

The insurance industry and its customers must not let down their guard concerning loss prevention despite a mild hurricane season and a quiet time on the terrorism front in the U.S., advises an expert in risk and insurance. “It’s part …

With state lawmakers looking on, Florida Gov. Charlie Crist signed legislation that will provide property insurance and reinsurance reform, including reductions in property insurance rates. The bill also requires insurers to promptly pay claims and discontinue dropping policyholders during the …

Mike Geeslin, Texas, Texas Insurance Commissioner

It could be said the first year of Mike Geeslin’s term as Texas Insurance Commissioner was one of “trial by fire.” Gov. Rick Perry appointed Geeslin to the post in June 2005, just months before Hurricanes Katrina and Rita struck …

8 Feds, Corps not immune in La. flood suit

Judge refuses to dismiss case 10 Texas economy vulnerable to massive coastal storm Study shows how whole state could be affected N1 Forecast predicts slower premium growth in 2007 and 2008 Underwriting profits expected but at a much smaller rate …

Lessons learned from 2005’s Katrina and 2006’s calm hurricane season

It’s been more than a year since Katrina made landfill and businesses are still recovering. Then the 2006 Atlantic hurricane season came and went with barely a blip — despite initial projections by some that there would be two to …

8 Calif. to examine broker disclosure, workers’ comp reform

Commissioner wants to fine-tune system to protect consumers 8 Agents, brokers set sight on political involvement Meeting with legislators helps them relate to insurance issues 9 West has highest number of “unacceptable” levees Corps of Engineers wants levee owners to …

Forecasters predict active hurricane season to come in 2007

A return to high hurricane activity in 2007 is likely following the below-average 2006 hurricane season, according to the consortium of experts on insurance, risk management and seasonal climate forecasting led by the Benfield UCL Hazard Research Centre at University …

The Hartford Dropping One-Third of Fla. Property Risks; Tower Hill Reconsiders

The Hartford Financial Services group says it will drop about 38,000 property insurance policies in the next 18 to 30 months, about a third of its business and personal policies in the state. However, The Hartford’s 80,000 Florida participants in …

Fla. Gov. Crist Persuades Cabinet to Block Insurers’ Exit

In a forceful rebuke to insurance companies, Gov. Charlie Crist cajoled fellow Cabinet members into approving a rule Tuesday that will prevent property insurers from canceling Florida policies for much of the rest of this year. The emergency rule will …